iShares MSCI China ETF $MCHI Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC decreased its stake in shares of iShares MSCI China ETF (NASDAQ:MCHI) by 80.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,399 shares of the company’s stock after selling 153,433 shares during the quarter. Journey Advisory Group LLC’s holdings in iShares MSCI China ETF were worth $2,101,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MCHI. JPL Wealth Management LLC purchased a new stake in iShares MSCI China ETF in the 3rd quarter valued at $34,000. Aventura Private Wealth LLC purchased a new position in shares of iShares MSCI China ETF during the 4th quarter worth $38,000. Whittier Trust Co. acquired a new position in shares of iShares MSCI China ETF during the 4th quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in shares of iShares MSCI China ETF during the 3rd quarter valued at about $39,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of iShares MSCI China ETF in the fourth quarter valued at about $39,000.

iShares MSCI China ETF Trading Up 1.7%

Shares of MCHI opened at $54.15 on Thursday. iShares MSCI China ETF has a 12-month low of $49.88 and a 12-month high of $67.37. The firm has a market capitalization of $6.13 billion, a P/E ratio of 13.11 and a beta of 0.33. The firm has a 50-day moving average price of $54.36 and a 200 day moving average price of $57.63.

iShares MSCI China ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.3613 dividend. The ex-dividend date was Monday, June 15th.

iShares MSCI China ETF Profile

iShares MSCI China ETF, formerly iShares MSCI China Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the MSCI China Index (the Underlying Index). The Fund is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets. Securities are weighted based on the total market value of their shares so that securities with higher total market values generally have a higher representation in the index.